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WOOUSDT - Long term entryHad a very long consolidation period with lower highs and higher lows, now almost back to the consolidation (order block) from before the move up. A lower low in that consolidation zone with a divergence could give me a very nice (long-term) entry. This consolidation zone also contains the POC (Point of Control) of the consolidation. This is where the most volume has been traded and thus is a place where historically bulls and bears fight for control. Would be even more interesting in combination with a Bullish Divergence on the RSI. Invalidation would be below 0.45.
Long
by Metrikk
Double Bottom on AUD/CAD @ W1This double bottom pattern has formed on the weekly chart of the AUD/CAD currency pair, signaling a potential reversal from the preceding downtrend. The two bottoms are marked with the yellow arcs; the neckline is marked with the yellow horizontal line. My potential entry level is at the cyan line. My potential take-profit level is at the green line. A stop-loss (not shown on the chart) can be set to the low of the breakout candle or to the low of the preceding candle if the breakout candle trades mostly outside of the pattern's borders.
Long
by AndriyMoraru
Quintuple Bottom on Raydium?FTX:RAYUSD looking pretty crazy, i cant remember if i have ever seen a quintuple Bottom on a Chart before. This could potentially confirm a bottom to traders and rn would be the lowest risk entry because its pretty easy to manage risk at this level. If RAY closes a daily candle or even a 4h below the $8.986 level, it will probably fall much lower. But since its a rock solid project and the biggest AMM on Solana i highly doubt it, at least it would be kinda devastating for the Solana ecosystem and signal weakness to investors. Oscillators on all higher time frames looking primed for tremendous upside potential.
FTX:RAYUSDLong
by luyestefan
1
BLOK can Ascend Further.Hi every one BLOK/USDT BLOK has done a Impressive Movement lately but It seems This is only the Beginning! as you can see a Rounded Bottom is now Visible on the chart. This means The Price has a Chance to Increase Further as much as the Length Between The Top & The Bottom of the channel (Measured Price Movement). Since There is no Break out Yet,we can be sure about this Movement so we must wait for it to happen for Confirmation! ⚪Summery: -BLOK Is in a Rounded Bottom -Can Increase as much as the Measured Price movement! -No break out yet! 🔴This is only an idea and not a financial advise (NFA)🔴 💎Traders, if you liked this idea or have your opinion on it, write in the comments, We will be glad. Thank you for seeing idea . Have a nice day and Good luck
Long
by CobraVanguard
15
Have we reached the bottom yet???A brief analysis of $BTC YTD. Using a key support/trend line, we can conclude, it is possible we have not reached the bottom yet. We could see prices of $49-51K over the weekend. This is a very strong shakeout and whales are in accumulation mode. The bears are getting to comfortable, the leveraged traders are getting liquidated, and INVESTORS are buying the dip! These shorts are about to get squeezed and I expect $BTC to rally to $100K very soon.
FTX:BTCUSD
by TheJonesPortfolio-100T
$US500 - S&P500 futures - COVID crash 2.0 or correction ..?- BREAKING NEWS - According to WHO, the new covid strain is considered "serious" Let's see what this is all about. Technically we are playing out a bearish divergence that has built up since we found that top on november 5th price kept sloping up, but momentum was fading. And news like today is a perfect catalyst to make such a divergence play out. We have some sort of support/demand line coming in again, we created that support line, when we found the bottom of the sept/oct correction and even backtested it nicely couple days after. I think coming back to that trendline is healthy for the market, and if market participants really buy that demand again, we might be up for an aggressive rallye. If we smash that demand line though, I think there could be a bit more downside to this. I think, at the moment its well advised to have decent cash posotion on the sideline rdy to be put to work. I will post a LONG setup, whenever there are signs that market might be rdy to run. At the moment, I don't think that we will be fully crashing, but, if we break that demand line with high volume, and maybe even backtest it as new resistance, then a short might be something to think of. Stay tuned, and please comment like and follow me if you can :)
U
by 10xTrading
1
Is it time to invest in China?KWEB is a China technology based ETF. Top 10 holdings by weight: Tencent Holdings ~ 10.62% Alibaba Group Holding ~ 10.32% JD.com ~ 7.21% Meituan ~ 6.99% Pinduoduo Inc ~ 6.97% NetEase Inc ~ 4.71% Baidu Inc ~ 4.27% Bilibili Inc ~ 3.83% Trip.com Group ~ 3.82% JD Health International ~ 3.32% Fundamental Analysis China’s stock market pullback this year has been in line with the average annual drawdown (approximately 30%); historically, this volatility has tended to produce double-digit annualized gains. In terms of seasonality, over the past 20 years, October has been amongst the strongest months for the Chinese stock market. Technical Analysis The 50sma has been tested as resistance 3 times before. A breakout above the 50sma could signal a significant change in trend. The RSI has shown a positive divergence, as the last three times, we tested the horizontal line (blue arrow), in each case RSI is showing higher lows.
AMEX:KWEBLong
by dorfmanmaster
4
Did Bitcoin Bottom?BTC looks to be following the same corrective pattern as Sept 7th-Oct 2nd (white line pattern) when BTC dropped from 53K to 40k. Price action is identical We are sitting in the same area on the trend line as we were before bouncing from 40K to 69K Currently breaking above resistance on the RSI, which also has had similar movement to Sept 7th to Oct 2nd. BTC is very correlated with the S&P which also appears to be bottoming as it just broke out of a descending channel on the 30 minute. The DXY is at overbought levels on the daily.
BITSTAMP:BTCUSDLong
by anamaly
1
ADAUSD Bullish Divergence and Update (repost)Important things to note: BTC is close to finishing its correction. BTC hit 56.5, I told everyone it might go to 56.4, close enough. BTC will have to push up above last low to insure bullish movement. It looks like BTC is heading lower than I expected. I still think we are nearing the end of the pullback. Unit then BTC will bounce around until the move is accomplished. Total2 has reached the bottom of its pullback in my opinion. Total2 will bounce around for a bit and then the upward move will start again. ADA has finally has a good test of the 200MA. I use a previous example of the 200MA test pushing the price upwards creating that base. My thoughts on the overall pattern of ADA has not changed. Basing patterns are common in a long term uptrend. If you don't know what I mean by basing pattern, it means a cup. Important dates to note: BTC ETF Deadlines Nov. 21, Dec. 8, Dec. 11 and Dec. 24. Before pushing upwards, BTC will have to move past its last low. Until that point I expect it to just move back and forth basically. It has failed to maintain its current position but I believe we are nearing the end of the pullback. Total2 looks like it has a bottom, and I expect the movement to be similar to the movements in the past after a pullback (bounce around and consolidate, then push upward rather fast). Now, ADA was starting to form its basing pattern a bit early but got stopped by BTC . Everyone here knows I wanted to see a test of the 200MA before hand (I have talked about it in almost every ADA chart for the past month). So this move did not surprise me at all. Also, it doesn't change the outlook on ADA. The chart I made a few weeks ago calling for a basing pattern to form for ADA is what I expect to happen. I have shown you a previous example of what I expect. I have not been putting out as many ADA charts recently because honestly you know all of the important information at this point. BTC is on the last leg of the bull run, enough money has moved into alts to have them follow BTC , and ADA should create its basing pattern where it will produce more targets from there. Though I am sure posting everyday will gain me a bigger following, I don't care about a following, I am a trader. If I do not have something to talk about it wastes your time as well as mine, and I value my time. The most I do now, is explain past movements or call out something I see that may be of interest so you understand what is going on. Tell me what you think? This is not financial advice. DYODD.
KRAKEN:ADAUSDLong
by mysticalwalrus
25
EURUSD: Waiting for the 1.1340 breakout to enter longEURUSD has already tested the bottom of the daily channel that you can see in the chart below showing the initial signs of reversal and now the top of the hourly channel at the 1.1335-40 area is going to be tested. We have already bought small positions in order to test our upside scenario and we are going to add more with an hourly break of the 1.1340. We will set the stops below the candle that will lead to the breakout targeting initially 1.1380-85.
Long
by Chartist-Trading